JG Wentworth Announces Successful $300 Million Funding Notes
JG Wentworth Successfully Completes $300 Million Funding Notes
In a recent development, JG Wentworth has successfully issued two new Rated Variable Funding Notes, amounting to an impressive $300 million. These transactions highlight the company's solid position in the 4(a)(2) private placement market, underlining its reputation for innovative financial solutions.
Details on the Issuance
Both transactions are collateralized by structured settlements, lottery winnings, and annuity payments. The first series, known as Series 2025-B, consists of a $100 million issuance backed by two classes of notes rated AAA and BBB, secured through placement with a focused institutional asset manager.
The second series, Series 2025-C, amounts to $200 million and is supported by a single class of A-rated notes. This series has successfully attracted a diverse group of institutional investors, including insurance companies, pension funds, and asset managers.
Cumulative Issuance Milestone
With the completion of these successful transactions, JG Wentworth has now reached a remarkable total of over $2 billion in cumulative 4(a)(2) ABS issuance since the year 2020. This milestone indicates a consistent track record characterized by 26 separate deals and engagement from more than 30 distinct institutional investors.
Dwight Perry, the Chief Financial Officer at JG Wentworth, commented, "This milestone reflects the continued confidence institutional investors have in our platform and the strength of our asset-backed programs. We are proud to deliver consistent asset performance and innovative structures that meet the evolving needs of our counterparties." His words echo the commitment JG Wentworth has to maintaining high-quality investment opportunities.
About JG Wentworth
Founded over three decades ago, JG Wentworth has established itself as a leading financial services company, specializing in unique financial solutions that help individuals achieve their financial objectives. With a dedicated team of more than 800 employees, JG Wentworth offers a range of services including consumer lending, debt resolution, structured settlements, and purchasing annuities and life settlements. Their marketplace services further connect consumers with high-quality financial products tailored to meet diverse needs.
As a company devoted to innovation and quality, JG Wentworth continuously seeks to expand its offerings to provide solutions that benefit consumers and institutional investors alike.
Frequently Asked Questions
What is the total amount JG Wentworth has issued since 2020?
JG Wentworth has surpassed $2 billion in cumulative 4(a)(2) ABS issuance since 2020.
What are the two new series of notes issued by JG Wentworth?
The two new series are Series 2025-B, a $100 million issuance, and Series 2025-C, a $200 million issuance.
What types of transactions back the new funding notes?
These notes are backed by structured settlements, lottery winnings, and annuity payments.
How many institutional investors participated in these transactions?
More than 30 unique institutional investors participated in JG Wentworth's recent transactions.
What services does JG Wentworth provide?
JG Wentworth offers consumer lending, debt resolution, structured settlement purchasing, annuity purchasing, life settlements, and marketplace services to connect consumers with quality financial products.
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